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20121231
20121231
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perot. john mccain. they tend to lose. a was pleased to see bob dole back on the senate floor last week. but bob dole rhymes with a lot of things. but to have bad names for rhyming this sounds easy because it rhymes with tusche but when george w. bush left office i wanted to write a poem i had a lot of middle names. it was a do to you george herbert walker of and never treasured as a talker your predicates were prone to wander down to less off alone. [laughter] so on your greenwich country day relax in never ordered japanese. clinton is a bad name. and in his second term with the unpleasant nests remember when hillary clinton said to take a lead she would appear on the today program and clinton would not work so i was forced to use the native name. the name of origen. or the slave name. it was up to hillary rodham to prove that his house is not sodom. [laughter] but obama of the jokes of his name it was a good name to rhyme but unfortunately i use them with osama bin london clap your mom up. so i get worried when they talk about presidential candidates i did a similar book in 2008 calle
. the senator from tennessee, bob corker, ribbing the president and chastising him for what he just calls his press conference. let's listen for a moment. >> without objection. >> mr. president -- >> senator from maryland. >> mr. president, i rise to speak on behalf of what is going on here today as the new chair of the -- >> okay, so tax hikes, it looks like tax hikes instead of affecting 98% of all americans will affect only the 5% of top earners. does that mean everybody is free and clear? not exactly. tomorrow, your paycheck will likely shrink. and that's with or without the fiscal cliff. that's because the payroll tax cut expires at midnight. right now, it does not look as if congress plans to extend it. the 4.2% you pay into social security will now go up to 6.2% of your salary. lawmakers have been so consumed by the fiscal cliff that it appears little was done to extend the 2010 payroll tax cuts, put in place by president obama two years ago in order to boost the economy. so what does it mean to your wallet? here is how much less you'll bring home if it expires. paychecks shrink $50 a
the board tax hikes with dramatic cuts in military and domestic spending. joining us now bob cusack the manage evening editor of the hill the. great to have you here today. >> great to be here. >> many americans are frustrated that congress has taken us to the brink once again with little or no progress. what are you hearing at this moment? is there progress at this time? >> well, we are hearing that there has been progress between vice president biden and senate minority leader mitch mcconnell. still we are nearly 12 hours from the cliff. we don't have a bill. there has actually been a stunning lack of urgency on cant toll hill. on the default showdown, the government shut down there was more urgency. here there just isn't that urgency, maybe because the markets haven't been the roller coaster we thought they would be. eventually people will see less money in their paychecks unless a deal is reached and that could cause some kind of panic that could move congress. so far congress has just not moved and neither has the president. they haven't been able to get a deal. >> reporter: we
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